Goodwill

12 Months Ended

Dec. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Goodwill consists of the following:

	As of December 31,
	2013			2012
	(in thousands)
Balance, January 1	$	164,890		$	161,664
Foreign currency translation adjustments	(21,918		)	3,226
Balance, December 31	$	142,972		$	164,890

The Company performs a goodwill impairment test annually, or more frequently if circumstances indicate that impairment may have occurred. The Company has reviewed its goodwill for potential impairment and determined that the fair value of goodwill exceeded the carrying value. Accordingly, no goodwill impairment loss has been recognized for the years ended December 31, 2013, 2012 or 2011.